For those of us old enough to remember the Arab oil embargo from the late 1970's, wait for it. Pretty soon we'll have a repeat of that in some fashion. I don't think we'll have the odd/even rationing like we had back then but the prices for sure will jack up to between $4.50 to $7.00 a gallon, depending on where you live. Europe is already starting to see huge gas price shocks.
No matter what happens in the short term regarding this war/not war in the middle east, the economic shocks are just getting started.
deflationary higher gas prices, deflationary higher unemployment.less money in circulation.migration removing billions from united state by shipping money overseas . war deflationary with middle East removing trillions from united state investments.punish us for causing this disaster. so huge deflationary effects .
Unfortunately, Congress and the President will NOT keep US oil and gasoline here in the US. A few years ago, the oil companies got Congress to allow export of US crude. Before, only processed products like diesel, gasoline, jet fuel, etc. could be exported. So don't look for the US government to look out for the US consumer. Just another reason I stopped voting. Big Business trumps (pardon the pun) little consumers.
For those of us old enough to remember the Arab oil embargo from the late 1970's, wait for it. Pretty soon we'll have a repeat of that in some fashion. I don't think we'll have the odd/even rationing like we had back then but the prices for sure will jack up to between $4.50 to $7.00 a gallon, depending on where you live. Europe is already starting to see huge gas price shocks.
No matter what happens in the short term regarding this war/not war in the middle east, the economic shocks are just getting started.
Agreed!
It is a nightmare, but probably not the worst.
All planned, of course. Both sides are in on this entire plan.
That both sides have to mean democrats/republicans or two-line phone but yes that's what appears to be the case.
You don’t get to the top without both evil sides agreeing to it.
They both have a lot to gain from this whole scenario.
And the rest of us are “useless eaters” funding their evil.
Please explain the risk of derivatives crashing as a result of war and the resultant increase in oil/natural gas prices.
This is a really great question! I'll upload a separate video on this and/ or invite a guest to discuss. Thank you for the suggestion!
deflationary higher gas prices, deflationary higher unemployment.less money in circulation.migration removing billions from united state by shipping money overseas . war deflationary with middle East removing trillions from united state investments.punish us for causing this disaster. so huge deflationary effects .
Does a weakening labor market provide some sort of incentive for military troop deployment by way of a draft?
Unfortunately, Congress and the President will NOT keep US oil and gasoline here in the US. A few years ago, the oil companies got Congress to allow export of US crude. Before, only processed products like diesel, gasoline, jet fuel, etc. could be exported. So don't look for the US government to look out for the US consumer. Just another reason I stopped voting. Big Business trumps (pardon the pun) little consumers.